Questions

PMGT5889 (NE) Practice Quiz

Matching

Your project status can be presented with the following diagram: Match the values presented in this graph with the corresponding Earned Value Analysis indicators. Formulas: EVA Component Formula Planned value (PV) N/A Earned value (EV) N/A Actual cost (AC) N/A Budget at completion (BAC) N/A Schedule variance (SV) SV = EV – PV Cost variance (CV) CV = EV- AC Estimated final duration PlannedProjectDuration / SPI % Complete %Complete = (EV/BAC) x 100 Schedule performance index (SPI) SPI = EV/PV Cost performance index (CPI) CPI = EV/AC Estimate at completion (EAC) – final cost Future work will be accomplished at the planned rate: Both CPI and SPI influence the remaining work: CPI is expected to be the same for the remainder of the project: EAC = AC + BAC – EV EAC = AC + [(BAC-EV)/(CPIxSPI)] EAC = BAC/CPI Estimate to complete (ETC) ETC = EAC – AC Variance at Completion (VAC) VAC = BAC-EAC 1: Actual Cost (AC) 2: Planned Value (PV) 3: Earned Value (EV) 4: Original Budget (BAC) 5: Schedule Performance Index (SPI) 6: Cost Performance Index (CPI) 7: Schedule Variance (SV) - money 8: Cost Variance (CV) 9: Project duration (months) 10: Months that project is behind/ahead of schedule at the moment

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The question asks you to match each EVA indicator to the value shown in the graph. I’ll walk through each provided option in turn, explaining what it represents and whether the value fits the corresponding EVA metric. Option 1: "$13M" for Planned Value (PV). - PV represents the planned cost of the work scheduled to be completed by a given date. In the data shown, PV is $13M, so this match is correct for PV. - Misconception to watch for: PV is not the same as EV or AC; PV is the baseline plan, not actual performance. Option 2: "$13M" for Earned Value (EV). - EV is the value of work actually performed, measured in budgeted dollars. Here EV is given as $12M, not $13M, so a match of $13M ......Login to view full explanation

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